Chatham Lodging Trust (NYSE:CLDT) Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its position in Chatham Lodging Trust (NYSE:CLDT) by 41.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,906 shares of the real estate investment trust’s stock after selling 19,362 shares during the quarter. Citigroup Inc. owned about 0.06% of Chatham Lodging Trust worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Chatham Lodging Trust by 10.2% in the 1st quarter. BlackRock Inc. now owns 9,471,592 shares of the real estate investment trust’s stock valued at $99,357,000 after purchasing an additional 874,031 shares during the last quarter. Vanguard Group Inc. raised its stake in Chatham Lodging Trust by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,892,614 shares of the real estate investment trust’s stock valued at $58,160,000 after purchasing an additional 186,288 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Chatham Lodging Trust by 0.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,353,306 shares of the real estate investment trust’s stock valued at $46,242,000 after purchasing an additional 23,310 shares during the last quarter. State Street Corp grew its holdings in Chatham Lodging Trust by 2.3% in the 1st quarter. State Street Corp now owns 2,453,171 shares of the real estate investment trust’s stock valued at $25,903,000 after buying an additional 54,378 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Chatham Lodging Trust by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,066,865 shares of the real estate investment trust’s stock valued at $9,986,000 after buying an additional 42,838 shares during the period. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Up 2.5 %

Shares of NYSE:CLDT opened at $10.13 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.08 and a current ratio of 3.08. Chatham Lodging Trust has a 1 year low of $8.92 and a 1 year high of $11.32. The stock has a market capitalization of $495.36 million, a P/E ratio of -92.09 and a beta of 1.74. The stock has a 50-day simple moving average of $10.37 and a 200-day simple moving average of $10.16.

Chatham Lodging Trust (NYSE:CLDT) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.38). Chatham Lodging Trust had a return on equity of 0.33% and a net margin of 0.85%. The firm had revenue of $72.28 million for the quarter, compared to analysts’ expectations of $70.46 million. During the same quarter in the previous year, the firm posted $0.20 EPS. Equities analysts forecast that Chatham Lodging Trust will post 1.15 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, March 27th. Chatham Lodging Trust’s payout ratio is currently -254.55%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.